Tuesday, 9 March 2010

Higher value BPO exports to hit $12 billion

Manila Bulletin

The business processing and outsourcing (BPO) sector is expecting a slowdown in employment growth with an average of 100,000 jobs a year additional jobs generation until 2011, but said the value-added exports reaching to $12 billion by 2011 would make up for the slower jobs data.

Oscar Sanez, president and CEO of the Business Processing Association of the Philippines (BPA/P), told reporters at the launch of the BPA/P National Competency Test (BNCT) program that they have already dropped the 900,000 jobs reference data aimed to be attained by 2010 until the BPA/P Roadmap.

As of 2009, the BPO sector employs 436,000 people only. Starting this year, Sanez said the industry expects an annual average additional employment of 100,000. This means, 520,000 by end this year and 620,000 by 2011.

“Because we have moved up to the higher level of BPO functions, we only need 600,000 workers to reach the export revenue target of $12 billion by 2011,” Sanez said. He explained that the industry’s number one goal is the export revenue side.

1 comment:

  1. Nice blog! Thanks to BPO, not only it opens job opportunities, but can also help the economy